Starbucks customers could soon trade bitcoins for lattes
Starbucks has officially partnered with Intercontinental Exchange Inc., a bitcoin exchange, to form a new company called Bakkt. This company will make an integrated platform to allow customers to, "buy, sell store and spend digital assets on a seamless global network," according to a press release.
Bakkt will use Microsoft cloud-based solutions to power the network. Starbucks plans to use this platform to allow customers to purchase coffee with digital assets.
"As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks," said Maria Smith, vice president, partnerships and payments for Starbucks. "As a leader in Mobile Pay to our more than 15 million Starbucks Rewards members, Starbucks is committed to innovation for expanding payment options for our customers."
Intercontinental Exchange is preparing Bakkt for launch and plans to announce additional news in the coming weeks.